PointsBet recorded sales of A $ 1.3 billion (£ 749.5 million / € 892.8 million) in the fourth quarter of 2021 to 2022. The business started in Ontario, an increase of 32% year-on-year. prefecture.
The fourth quarter included the launch of PointsBet in Ontario, a market that opened on April 4th.
This was also the first quarter since PointsBet was launched online in Pennsylvania. It was soft-launched in February, but officially released in April.
Of the total sales, A $ 598.6 million comes from Australia. This is an increase of 20.9% from the fourth quarter of 2021. Business in the United States generated sales of A $ 687.9 million, up 40%.
Overall net profit, B2C income after deducting the cost of promotional bets, was A$85.8 million for the quarter, an increase of 41.1%. Sports betting accounted for the majority of his A$78.5 million, with the remaining A$7.3 million coming from his Igaming.
In Canada, sports betting turnover reached A$16 million. However, the net win in sports betting was minus AU$500,000. The online game net win was AU$700,000 and the total net win in Canada was AU$200,000.
During the quarter, PointsBet was fined in Ontario by the provincial regulator, the Ontario Alcohol and Gaming Commission.
PointsBet was fined $ 30,000 for violating advertising standards.
Quarterly customer receipts, including B2B operations, totaled A $ 87.4 million. Following many costs such as selling, labor and administrative expenses, the business suffered an operating loss of A $ 60.8 million.
Full year sales were A$5 billion, up 32.3% from FY21. Turnover was split almost evenly between Australia and the United States, with Australia contributing A$2.53 billion and the United States contributing A$2.45 billion.
Of the A$309.4 million net profit, A$289.1 million came from sports betting and the remaining A$20.3 million came from games.
Australia accounted for the majority of net earnings at A$215.4 million, with net earnings from the US accounting for the remainder at A$74.1 million.
